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20120929
20121007
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CNBC 14
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CNBC
Oct 2, 2012 7:00pm EDT
and the obama administration is telling companies it is okay to disregard the law when it comes to handing out pink slips in advance to big budget cuts. all three happening before the election. mitt romney has finally put meat on the bones of his tax reform idea. he floated the idea of a $17,000 cap on tax reform reduction. >> you could say everyone is going to get up to a $17,000 deduction. you can fill that bucket if you will and higher income people might have a lower number. >> this is brand new stuff. we have howard dean former vermont governor and candidate. and let's look at this for a second. what do you think? a $17,000 cap on tax deductions for everybody as a way of being fair because the upper end would pay more. what do you think? >> i don't have a problem with the eidea of deductions. here you are. you guys are talking about the private sector all the time. so, i've been convinced because of the high rate of canadian home ownership, i'm not convinced of doing away with charitable deductions. $17,000 ceiling for all tax deductions across the board. sure, steve. the upper end people
CNBC
Oct 5, 2012 6:00am EDT
taylor. after we hear the number at 8:30 eastern time, we'll talk about what the news means for the obama and romney campaigns. our ges both served as chairman of the economic advisers. austan goolsbee and ed lazear under president obama. but first this morning's headlines. >>> you wanted music but you didn't pick this? >> no but it didn't bother me until you started mocking it. >> she want us just to talk, no music. >> let's get to spain and its finance minister. sparking laughter from an audience in london today, why he told a group of academics that his country doesn't need a bailout at all. that's interesting. the minister is arguing that madrid's reform program right now is already sufficient to stave off a full sovereign bailout and the ecb's bond buying program would suffice. to help spain recover. that's apparently how it started, with -- you can imagine -- that's bad for confidence of the minister of spain where he's telling an audience, we don't need a bailout and then you hear a whole auditorium laughing. morgan stanley is warning that more pay cuts are coming. in an interview
CNBC
Oct 3, 2012 6:00am EDT
>>> good morning, everybody. welcome to "squawk box" here on cnbc. president obama and mitt romney now have about 15 hours until they take the debate stage at the university of denver. >> people want to know who's going to win? who's going to score the punches? in my view, it's not so much winning or losing or even the people themselves, the president and myself. it's about something bigger than that. >> no, no, governor romney, he's a good debater. i'm just okay. but what i'm most concerned about is having a serious discussion about what we need to do to keep the country growing. >> a new nbc news "wall street journal" poll finds that nearly four in ten voters say that the upcoming debates will be either extremely or quite important to determining their vote for president. another 34% of voters polled say that the upcoming debates will be somewhat important to their votes, so the stakes are high tonight. president obama's lead in the nationwide polls is narrowing. meantime, romney has pulled even in florida. john harwood is in denver this morning and he will join us in just a few
CNBC
Oct 3, 2012 4:00pm EDT
by the obama administration that are having a chilling effect on energy production in the united states. those three things alone would send signals to the marketplace. we're serious about our energy policy. even though congress doesn't act, the administration, the president could take those steps and it would send a clear signal, put a lot more people to work. >> so what should the policy look like? what, in your view, would be the most important, you know, event that the administration can do to help the country's energy situation? >> i think the first thing is it needs to be a policy driven by job creation. in the oil and the gas business, since this recession started in 2007, 2008, we've created close to 400,000 jobs when the economy has lost 6 million. so we need to focus on job creation potential. the second thing we shouldn't overlook is the amount of revenue that the industry generates as they create these jobs. we contribute over $86 million a day to the federal government. that's a lot of revenue that could help with deficit, deficit reduction and our debt structure. the third piece
CNBC
Oct 4, 2012 6:00am EDT
. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this moment, they wanted -- they thought newt was such a great debater, they wanted to see someone like newt talk to president obama about his policies and about the last four years. and they tho
CNBC
Oct 1, 2012 6:00am EDT
the math doesn't work. >> you're the master of the budget. so let's go through the plan. the obama camp says independent groups say if you cut those tax rates for everybody 20%, it costs $5 trillion over ten years. true? >> not in the least bit true. >> how much would it cost? >> its revenue neutral. >> i'm just talking about the cuts. we'll get to the deductions. >> the cut in tax rates is lower all americans tax rates by 20%. it's revenue neutral. >> it's not revenue new pral unless you take away the deductions. the first half, lowering the tax rates, does that cost $5 trillion? >> no. look, i won't get into a baseline art with you but that's what a lot of this is about. lowering tax rates by broadening the tax base works. and you can -- let me finish. >> you haven't given me the math. >> i don't -- it would take me too long to go through all of the math. >> i got to tell you, what did you think of that? i thought that was unbelievable. >> why? >> first of all, it was on fox which we all have views on what you think fox will do. second of all, i think he has no details. >> i don't agr
CNBC
Oct 2, 2012 1:00pm EDT
certainly giving it a boost. >> phil lebeau, thank you very much. >>> politics now, president obama and governor mitt romney putting the finishing touches on their preparation before the big debate tomorrow night but will the debates make a big difference? brand new nbc news/"wall street journal" poll released just this minute looks at how closely people will be watching >> eamon javers in washington now with the latest. >> the stakes did just get a little bit higher for those debates in the presidential level this week. take a look at these results now from the new nbc news/"wall street journal" poll which we can bring you. the question asked to voters how important is the debate in picking a president? 38% staying is extremely or quite important. as you can see, that's higher than the respondents said in 2004 and in 2000. that's an interesting number but also interesting the folks who said it was somewhat or not at all important at 62%. that may be an indication that a lot of people in this country have already made up their minds, tyler. that might mean things are tough for those
CNBC
Oct 5, 2012 1:00pm EDT
right now. >>> 7.8% unemployment. did president obama just win next month's election? jack welch says hold your horses on that 7.8% number. he doesn't really believe it. an influential florida congressman agrees. we'll talk to that congressman live and ask him on what he bases his suspicions. >>> a place in the united states where gasoline has now become hard for drivers to find. you will find out why coming up on "power lunch." >>> meantime, let's go to sue at the new york stock exchange. sue? >> the markets have been up all day long. we're up about 60 points or so on the dow jones industrial average and the big reason of course is the number that we got this morning, falling unemployment. we are now below the 8% level for the first time in four years. the question is how did we get there? here to explain all of that, our senior economics reporter steve leisman. steve? >> sue, thanks very much. sue, this number is a product of simple math. but whether it's telling us about the real strength of the job market is something investors and the fed are going to have to think long and hard
CNBC
Oct 2, 2012 6:00am EDT
. the action first to come out of a work group created by president obama to go after wrongdoing. jpmorgan bought bear stearns for $10 a share in march of '08 and we kind of thought they were doing the rest of us a favor. now they're like, thank you, sir, may i have another. the bank says it will contest the allegation. similar cases against other banks are likely to follow. scott cohn has been reading through the complaint as he always does. he'll have more at the top of the hour. and samsung will be allowed to sell its gallaxy it tablet in te united states. a court is removing a temporary sales ban on the twice. and samsung has filed a motion against apple saying that iphone 5 infringed on some of its patents. >> tit for tat. >> exactly. and boeing -- some words are for cable. i'd say probably -- >> tit for tat, there's nothing wrong with that. >> if you comfortable saying that. >> i am. >> you know how they cut everything romney says, they cut out all the stuff on both sides of it? all we'll have for you is saying it tit, tit. remember faber, remember what he said? >> yes. the work on h
CNBC
Oct 5, 2012 12:00pm EDT
america was needing jobs so badly he was pushing for obama care instead of working to get jobs to the american people. got the chance to ask him why there's still 23 million americans out of work or stopped looking for work, struggling to find good full time jobs? i got the chance to ask him why is the middle class so buried in this country. incomes have gone down. price of gasoline has doubled. price of food and clothing and almost everything else you buy has gone up. people in the middle class has been squeezed, buried as the vice president said. got the chance to talk about that. got a chance to ask him why he's can you identifying medicare. that's not right to pay for obama care. and also got point to out that he's in favor of a tax plain that will kill 700,000 jobs. and so he had the chance to answer those questions, or not answer them as the case may be but then i think even more important was the chance to talk about where we're going in the future. what he would do and what i would do and what he described was in my view a reiteratation of the status quo. he'll keep doi
CNBC
Oct 5, 2012 9:00am EDT
president obama's address speaking this morning in fairfax, virginia. we expect him to mention the jobs number today. the unemployment rate falling to 7.8%. first time below 8% in about four years. when that starts we'll bring it to you. in the meantime -- here's what you missed earlier on this morning. >> welcome to hour three of "squawk on the street". here's what's happening so far. >> the thing is that you got to play this in the short term. equity market looks great. risk on is every where. go out the beta curve. trade. >> so do it. >> you can create excuses for these guys if you want to, but the fact of the matter is every single jobs bill the republicans in congress have voted against. >> september nonfarm payrolls increased by 114,000 jobs. 7.8% is the new unemployment rate. >> the report is good. hours worked up. pay up. july up. i'm not political. trying to make money here. >> when you play -- >> past tens? >> then we just -- i have like seven people who might draw something from three months ago. it was bad. it was a fad zynga might be a fad. >> unbelievable jobs numbers, the
CNBC
Oct 2, 2012 5:00pm EDT
towards the election. if obama stays in the payout ratios are better for the group. i think you will see this return to in favor once again. >> pop for chesapeake energy. >> dennis was talking about natural gas. chesapeake is benefitting from that. >> drop for mosaic. >> they missed on earnings by about 15 cents. they are saying that demand for product in china is weak right now and they can probably hold off on buying there until the end of the year. >> jim has the ceo of mosaic on mad money. a pop for fly boarding. latest craze in australia. a jet ski hybrid. flyers are connected to a hose which uses water pressure. make sure you bring your wallet. they cost around $12,000 a piece. >> i love it. >> it look as lot smaller when he is on that. >> they take five inches off. drop for starbucks down 1%. >> this is another one not a cheap stock. a lot of future growth expected to come overseas in europe and asia. this is one that under performs the broad markets. i think a lot of people want to see after nike's results. >> drop for jc penney. >> ceo sounds like he is pushing out the recovery
CNBC
Oct 1, 2012 9:00am EDT
and it will limit the upside for next year. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in global growth. >> contingent on both, not just the tax issue? >> both. somewhere between 1,500 and 1,600. >> david,
CNBC
Oct 2, 2012 9:00am EDT
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Search Results 0 to 13 of about 14